AeroVironment Plummets After Cutting Fiscal ’22 Financial Guidance

Aerovironment Helios prototype.
Credit: NASA
The share price of AeroVironment plummeted more than 27% on Dec. 7 after the defense contractor and UAV specialist throttled back its financial forecast for fiscal 2022, citing supply chain issues, staffing shortages and delayed federal budget making. “While we achieved second-quarter and first-half...

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